September 15 - Lawmakers Push for More Oversight of FAIR Plan

California lawmakers passed a bill to increase oversight of the FAIR Plan, the state's insurer of last resort, which currently faces lawsuits and state action over the improper denial of residents’ smoke damage claims from the January wildfires. The bill, which heads to Gov. Newsom’s desk, would add two legislative leaders as non-voting members of the FAIR Plan’s governing committee, though critics question how much power they will actually have. The state legislature also approved measures to shore up the plan’s finances and require automatic payment options for policyholders.